Net income appears on which of the following
A)Income Statement
B)Statement of Owner's Equity
C)Balance Sheet
D)Both A & B

Name: Net income appears on which of the following A)Income Statement B)Statement of Owner's Equity C)Balance Sheet D)Both A & B
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Net income appears on the Income Statement as it shows the company's profitability. It also affects the Statement of Owner's Equity as it contributes to changes in equity through retained earnings.

Net Income Appears on Which of the Following